Subsea
Shearwater and CGG Finalize Strategic Vessel Transaction
Shearwater GeoServices has completed the strategic vessel transaction with CGG. The transaction includes the takeover of five high-end seismic vessels, and the five-year capacity agreement for marine seismic acquisition services between Shearwater and CGG became effective. Preparations for the joint
Montrose Port Authority Bags Baker Hughes Contract Extension
The Montrose Port Authority (MPA) has signed a seven-year extension to its contract with Baker Hughes for the provision of internal and external storage facilities. Captain Tom Hutchison, CEO of Montrose Port Authority said: “We are delighted to extend what is already a long-standing and mutually be
OGA Makes New Team Appointments
The UK Oil and Gas Authority (OGA) has expanded its leadership team with three recent appointments. Scott Robertson has been promoted to director of operations, and replaces Gunther Newcombe who will be retiring in March 2020. Robertson will be responsible for the OGA’s Exploration, Production, Deco
Bourbon COO Switches Roles
Bourbon chief operating officer Gaël Bodénès resigned after the restructuring of the French company, and has now taken on a new role as chairman of Bourbon Maritime. Bourbon Maritime (Bourbon Offshore) will continue to conduct business as usual under a continuation plan, to include the company’s “BO
AIS Training and Survivex Gets Well-Safe Contract
AIS Training and Survivex, part of the 3T Energy Group, has secured a contract with well decommissioning specialist, Well-Safe Solutions, to manage and deliver all of its training requirements and provide an IT platform to support its Competence Management System. The three-year contract will see AI
New CEO for Ocean Installer
Ocean Installer has appointed Odd Strømsnes as the company’s new CEO. Strømsnes was most recently managing director at TIOS, a Technip FMC and Island Offshore joint venture. He was also managing director for Technip Norge from 2010 to 2016. Interim CEO Kevin Murphy will continue as deputy CEO. “We a
Norwegian Prime Minister Opens Equinor’s Johan Sverdrup Field
Equinor’s Johan Sverdrup field centre will be officially opened by Norway’s prime minister Erna Solberg today. The Minister of Petroleum and Energy, Sylvi Listhaug, will also attend the opening, Equinor informed. Since Equinor and the Johan Sverdrup partners Lundin Norway, Petoro, Aker BP and Total
DEME Sets Up SeaMade Foundations
Dredging, Environmental and Marine Engineering (DEME) has completed the installation of 58 monopile foundations and two offshore substation foundations at the SeaMade offshore wind farm in the Belgian North Sea. Installation works kicked off in September 2019 with DEME’s offshore installation vessel
EDS HV Opens New Office in Stafford
EDS HV, a high voltage engineering solutions provider to the renewables industry, has expanded operations with the opening of a new Midland’s office in Stafford. The new Midlands location means greater geographical coverage, providing a central meeting place that saves time for both clients and EDS.
EMGS Vessel Utilization Increases
Electromagnetic Geoservices (EMGS) has seen an increase in vessel utilization for the fourth quarter 2019 at 80% compared with 32% for the fourth quarter in 2018. For the full year 2019, the vessel utilization was 59%, whereas the utilization for the full year 2018 was 33%. In the fourth quarter of
Equinor Presents New Plan to Reduce Emissions in Norway
Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40% by 2030, 70% by 2040 and to near zero by 2050. By 2030 this implies annual cuts of more than 5 million tonnes, corresponding to around 10
Polarcus Vessel Activity Drops in Q4 2019
Polarcus, a Dubai-based seismic contractor, has recorded a decrease in its vessel utilization during the fourth quarter of 2019. The vessel activity also decreased on a full year basis from 87 percent in 2018 to 79 percent in 2019. Quarterly vessel utilization was at 71 percent compared to 96 percen
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (December 30 – January 05). https://subseaworldnews.com/2019/12/31/pandion-energy-completes-duva-stake-sale-to-solveig-gas/ https://subseaworldnews.com/2019/12/30/fugro-becomes-sole-owner-of-seabed-geo
Energean Inks EastMed Pipeline Deal with DEPA
Energean and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate to further support the EastMed Pipeline Project. Ahead of the Intergovernmental Agreement on the EastMed Pipeline, to be signed later today by the Ministers of Cyprus, Greece and Israel responsible for Energy, Energean